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Updated over 4 years ago,
West Seattle Condo Rent Market
Here's an accidental landlord trying to rent out my West Seattle (North Delridge) condo after moving out but no luck for 3 weeks. Thought about selling out the condo, but it seems condo market in North Delridge is pretty bad now...
Price was reduced ($2000 to $1850) getting one or two tours per week. Some people even just cancel the tour in short notice because of the bridge.
Marketing in Zillow (and other two affiliated sites), Apartments.com, Facebook and a few other sites. Should I reduce price further? Operating expense around $900 so in sum of interest cost, anything below $1700 would lead me to basically subsidizing my tenant. Cash flow is already bigger than negative $1000/mo since I took an 15 year loan.
Any advice for marketing strategy or anything? (Just take the hit and sell it out?) I am tired driving down and waiting for prospective tenant who just not gonna show up because they realized that the bridge is that bad.